H. B. Fuller Company (NYSE:FUL) Receives Consensus Rating of “Moderate Buy” from Analysts

H. B. Fuller Company (NYSE:FUL) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $63.80.

FUL has been the subject of a number of research analyst reports. UBS Group set a $58.00 price target on H. B. Fuller in a research report on Wednesday. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Royal Bank Of Canada set a $58.00 price target on H. B. Fuller in a research report on Wednesday. Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. upgraded H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research report on Wednesday, May 27th.

Insiders Place Their Bets

In other news, CEO Celeste Beeks Mastin bought 5,170 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average price of $57.08 per share, for a total transaction of $295,103.60. Following the transaction, the chief executive officer directly owned 8,670 shares of the company’s stock, valued at $494,883.60. This represents a 147.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.83% of the stock is owned by insiders.

Institutional Trading of H. B. Fuller

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its position in H. B. Fuller by 50.1% in the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 193 shares during the last quarter. Hantz Financial Services Inc. lifted its position in H. B. Fuller by 432.9% in the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in H. B. Fuller in the fourth quarter valued at approximately $46,000. TD Waterhouse Canada Inc. bought a new stake in H. B. Fuller in the third quarter valued at approximately $47,000. Finally, Torren Management LLC bought a new stake in H. B. Fuller in the fourth quarter valued at approximately $52,000. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 0.4%

Shares of NYSE FUL opened at $64.33 on Monday. H. B. Fuller has a 52 week low of $48.71 and a 52 week high of $68.63. The business has a 50-day simple moving average of $60.04 and a two-hundred day simple moving average of $60.59. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. The company has a market cap of $3.51 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.84 and a beta of 0.96.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $770.84 million during the quarter, compared to the consensus estimate of $787.77 million. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Research analysts anticipate that H. B. Fuller will post 4.77 earnings per share for the current fiscal year.

H. B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, April 30th. This is a positive change from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s dividend payout ratio is presently 32.34%.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.